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-called fiscal cliff. this news is breaking now. aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and others said earlier today. listen. >> we're still waiting for the white house to identif
the fiscal cliff. some sharp new words from president obama this morning in his weekly address. >> if we're serious about reducing our deficit, while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one wrins pal i won't compromise on. >> good saturday morning to you, mike. >> hi, alex. >> let's talk about the time line. is there a realistic one in which this can all get done by the beginning of the year? >> i think there is, alex. i think people know the parameters of the year. it's just can they get there, do they have the political will to get there. more importantly, alex, do they have the votes to get there in the house of representatives. you heard the president. he says no compromise on this issue of raising taxes for the wealthy. there's one glimmer of hope, how much to hike taxes. as you know, clinton tax rates for wealthiest americans were 39.6%. that's what's going to happen at the
is holding firm in the face of sandy, in the face of fiscal cliff concerns, so that's good news. >> so if you look at one of the things that struck us obviously the one negative number is construction, doeses that bounce back in a way that's maybe overdone because of what ends up being a sandy effect to the positive? >> yeah. so i suspect the construction employment numbers will get if not revised up, we'll see much stronger numbers going forward. just simply because of the reconstruction related to the storm. my guess is some of those big retail employment gains you referred to, those where we'll see some downward revisions in the data where we'll see some weakness. leisure and hospitality type jobs would be affected by the storm and i'm not sure anyone else is picking that up. >> a year ago 8.7%. now 7.7% a. year from now are we going to be below 7%? >> you know, i don't think so. it's very surprising we dropped a whole point in a year given the economy's growth race. we're going 2%, 2.5%. a year ago i never thought we'd drop a full point in unemployment. my guess is a year from now we'll b
's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> greta: victims of superstorm sandy blasting the feds in a 60 seconds. first, let's go
the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. i
have more breaking news on the fiscal cliff negotiations now. a senior white house aide confirms the obama administration is offering $1.4 trillion in revenue. you remember the previous offer by the white house was 1.6 trillion in revenue. so a little decline there but, no talk of spending right? we'll bring you more details as we have them. >>> the tragic death of dallas cowboys player is sparking debate how much control employers can imposed over their workers. over the weekend krou boys linebacker jerry brown was killed in a drunk driving accident with fellow teammate josh brent at the wheel. the cowboys are considering installing a device called safe-key in every player's car. it prevents cars from driving if the driver doesn't pass a visual hand-eye coordination test. the cowboys won't be the first organization to have rules. here at "money" we told you about it. ri health which fired 150 workers for not getting flu shots. the question is, are these kinds of rules fair to employees and are they even legal? here to figure this out is attorney nicole davord. thanks for coming
purchase, every day! what's in your wallet? here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap. >> house speaker john bainers says his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk but no action. yeah. a lot of talk but no action, or as they call that in college a date. >> good morning, everyone. i'm randi kaye. victor is off today. it's 9:00 on the east coast. 6:00 a.m. out west. thanks so much for starting your day with us. we start this morning with the supreme court and the decision to hear two major cases on same-sex marriage. justices will hear arguments against the federal government's defense of marriage act and california's propo
progress, if any, made going over the fiscal cliff. michael lyndon they have a whole new plan that they've put forth which goes even further than president obama or congressional republicans may want to go. but first... >> this is the "full court press." >> other headlines making news on this thursday. that is a bunch of malarkey. turns out not a lot of people know what that word means. it is a favorite of vice president biden's and it set a record on the merriam webster dictionary web site for the most online lookups during a single 24-hour period this year that came the day after the vice presidential debate against paul ryan where he used the word for the first time. the irish-rooted word means insincere or foolish talk. >> bill: inta. if he had said b.s., everybody would know what he was talking about. >> did not make the most looked up word for the year. the most looked up words in the dictionary capitalism and socialism. they were the most looked up words on the web site. >> oh, god. >> bill: that sh
to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that protects social benefit programs. >> if the politicians in washington negotiate a bad deal on the bucket and deficit, what do you think will happen to medicare and medicaid benefits. >> it stars two senator and two republican reps. cnn reports the labor unions are spending more than a half of million dollars on this round of spots. we're back with more steph after the break. stay with us. ♪ going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are w
with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers u
a fiscal cliff agreement. [ "world news tonight" ] the numbers are largely unchanged from the ones conducted right after the election. that's exactly what the president said. we're in the exit polls. to only 27% would blame obama if the country goes over the cliff. blah blah, blah. to that 64%ers who didn't believe it would have a major effect on the u.s. economy and 60% think that will be negative. who are republicans fighting for? not for a majority of americans. he's fighting for the top 2% who he says are actually small business owners. >> mmm no. >> stephanie: talk points are getting moldy. a $600 million a year hedge fund would qualify as a small business by paul ryan's misleading definition. regardless of the small business description, that still puts them in the 1% which is less than the majority of americans are compressed by the jobs. >> small compared to the planet jupiter. >> stephanie: right. all relative. [ laughter ] >> stephanie: i don't know what this means. [ ♪ "world news tonight"
. ashley: tough new talk on the fiscal cliff. americans are scratching their heads wondering when president obama will get serious. tracy: the president's reelection leaving small businesses weigh more pessimistic about the future. bill dunkelberg is here. we will ask him what, if anything, to boost confidence among america's job creators. ashley: time for stocks now as a do every 15 minutes. let's head down to the call petallides. nicole: this is a pretty good day on wall street. this is looking like the fourth week where we are seeing gains. we did hear from house speaker john boehner. he smoothed it over and gave the sense that they are working hard in washington in order to solve the fiscal cliff. also, the dollar is lower. that is playing a part. most of the dow components have been in the green. trip advisor. we are watching trip advisor. it has been rallying. what they are trying to do is get in there. it would be more about changing some management. liberty acquired the share. this is part of the action here we are seeing. off its earlier highs. back to you. ashley: thank you very m
tomorrow. some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in ad
over the fiscal cliff. guest: i suspect congress and the president to be around close to new year's eve. the probability is that rationality will prevail and the president and congress shall make a deal to avoid the fiscal cliff and another recession. host: for that to happen, something has to happen this week? guest: not this week but every day that so little gets done raises the chance it will go wrong. i worry about that a lot. guest: it is a small deal, they can do something quickly. it may not require even a roll- call vote. to do the big deal, they did not have enough time to do the big deal when congress reconvenes on november 13. host: final word? guest: i think it is time to talk about the spending side. look at anyone trying to run a federal agency and they are being told the budget will be cut at 14% across the board beginning january 2. this is a ridiculous way to run a country. host: douglas holtz-eakin is the former director of the congressional budget office. stancollander thank you both for being with us. we will take a closer look of some of those special interest group
. >>> let's go to jessica yellin, she's getting new information about the fiscal cliff stand-off, what are you learning? >> reporter: i'm learning that president obama and house speaker john boehner had a phone conversation late today. we do not have a fiscal deal. there's been no significant movement as a result of this, it's meaningful, the two men have not spoken in a week exactly. their last phone call was last wednesday, as you know, speaker boehner presented a plan on monday and after that was rejected by the president. in an interview, there was no communication between the white house and republicans until this phone call between these two men. wolf, this comes the same day that secretary geithner said publicly for the first time, that the u.s. would be willing to go over the cliff if republicans do not agree to raise tax rates on the top two percent of earners. it's my understanding that republicans have not agreed to raise those rates and the white house is not negotiating essentially, wolf, until they see republicans make that move. >> jeszic ka, the things obviously could b
away from tree to be event, up 109 points. john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straight weeks of gains to new recent highs. looking at 13,300 on the dow jones industrial, that is good and the s&p 500 calm, holding above the 1400 mark. they were worried when we were breaking down below and we are continuing the trend to the upside. one of the reasons is europe, europe has been a break out and
from all this earthly talk of fiscal cliffs and other problems and get to dramatic new findings from space. nasa's hubble space telescope has helped astronomers discover something never seen before. we'll tell you about it coming up [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. jon: right now, a look at the future of nasa in the face of budget constraints. hearing underway in washington, lawmakers are talking about what is next for america's space program. this coming as nasa unveils the latest findings from its hubble space telescope including a previously unseen population of primitive galaxies. i didn't know galaxies could be pr
the past few days, regardless of the news, which hasn't really improved on the fiscal cliff definitely that is a solid dollar betts in the direction that say that people think is going to resolve in a positive way. >> and positive is pre-january 1st or positive at this point is january 15th? >> good point. i would say it's probably the 13th or 15th of january, not tend of the year, and that's where the focus comes back to the fed tomorrow. unlike before, and probably for political reasons, the fed has been a little bit tight lipped about the details of what they would do. so what buckets they buy in, would they mess around, dudley had a big concept, they might want to mess around with mortgages again. that kind of information would be probably more leaked out to the marketplace by now if it wasn't for the fiscal situation. so there's quite a bit of uncertainty and the fed will definitely have -- it will make for a really exciting process tomorrow. >> it's exciting presser? have they ever done an exciting presser? >> this is his chance to really prove it, i think. yeah. and the surprisi
of the fiscal cliff situation denting consumer confidence and business confidence so you really need ben bernanke in there. on friday.t news >> unemployment report was better than expected but needs to be better than that. >> buzz in washington about whether susan rice or john kerry will be the next secretary of state and i'm told the president hasn't made up his mind yet and may not make up his mind until january. he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the worl
to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up
, walmart ceo mike duke says the fiscal cliff debate is having an impact on consumers. speaking to the council on foreign relations in new york, duke says what's going on in washington could affect their holiday shopping plans. >> the week before the election, only 1/4, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us this discussion about fiscal cliff will affect what they spend on christmas. >> and most americans aren't close to finished with holiday shopping yet. giving retailers a hope for a big boost in the last few weeks beforesom christmas. 58% of those surveyed said they completed half or less of their holiday shopping so far. i've got a little guilt on that front. >>> joining us for more, global ceo of sanrio. welcome. waving to the world there. >> yes. >> happy holiday. >> wearing your brand, as well. >> happy holiday from mr. mann. >> we should point out that mr. men is a key part of your strategy which is changing, is it not? >> exactly. last
. thank you? >> reporter: thank you. jenna: a new information on the fiscal cliff crisis. easy enough for me to say. the fiscal cliff crisis and what going off it could actually mean for us. there seems to be little disagreement what this is all about. take a listen. >> when you're addicted to debt, 16 trillion bucks and you're in the hole, one trillion, and the markets will jump in and nobody will know when that is. the tippingpoint was always described by dick durbin, when will it happen? when it happens interest rates will go up, inflation will go up and guy that gets hurt the worst is the little guy. >> i think the overhyping of deficit, the deficit mania that is seized this town is kind of crazy. i mean i love alan simpson and erskine bowles, they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds? jenna: charles payne, fox business network. he has his own list what we should worry about, charles, who is right here? >> reporter: i got to tell you the idea people are giving us money, america to our treasury bonds doesn't necessar
these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since
the importance of not going over the fiscal cliff and the importance of having a balance of new revenue and new spending cuts. jay carney with a briefing at 12:30. >> this is "the bill press show." [ music ] >> what do you say in good morning, everybody. fellow americans, it's good to see you today. thank you for joining us, and welcome to the "full-court press" here on current tv. your progressive morning show. the only progressive morning show anywhere on cable television. good to have you with us this morning as we discuss the big issues of the day, and, of course take your calls. always welcome at 866-55-press. and let's look. let's do the countdown. there are 12 shopping days until christmas 19 days until we go over the fiscal cliff but according to the mayan calendar only nine days until the end of the world. so if the mayans are right we don't have to worry about all of the rest of it. what if they are wrong? uh-oh. watch out. we will be up to date and first the latest, the day's current news update from waslisa ferguson as always joining us from our stu
. >>> hello, i'm alison kosik with a check of our top stories. going over the fiscal cliff could send the u.s. economy into verse. christine lagarde spoke with candy kroll crowley about how a needs to be hammered out. >> the best way to go forward is to have a balanced a i approach that takes into account both increasing the revenue, which means either raising tax or creating new sources of revenue and cutting spendings as well. >> the imf has a real interest in how the u.s. economy is doing because it will directly impact how the global economy does. financial markets are also waiting on new forecasts from the federal reserve, but any positives could be dampened by uncertainty about what's going to happen with the fiscal cliff. >>> in egypt, opponents of morsi are calling for a major march on the presidential -- in
willing to go over the fiscal cliff. moody's chief economist, deutsche bank senior u.s. economist telling us just how much that will hurt the economy and the markets, and, of course, investors and everyone in this country in today's money lineup, news on the economy brought life to wall street today inspiring some investors, the news an unexpected increase in factory orders up for a second straight month, and the biggest gains in productivity in the third quarter in two years. business activity, along with new orders, showing their biggest gains last month since the first quarter. stocks finished off their highs. the dow up 83 appointments at the close. the s&p gaining 2.25, and the nasdaq under the weight and pressure of the biggest stock, apple, dropping 23 points. volume today rising to almost 4%.2 billion shares. app 8 stock, as i said, today, laggerred and immense weight on the mark. that stock fell 6.5%, $37, and concerned about the lack of new products on the horizon, concern increased competition in the market might force apple to cut margins to remain competitive that added up to
days now until the new year and 20 days until the dive off the fiscal cliff. we do not like harping on this, trust me. but as house speaker john boehner reminded us just a short time ago, there is still no deal on the table. he and president obama spoke on the phone late yesterday after trading offers back and forth, and although there is a lot of talking going on, they haven't necessarily agreed on anything yet, certainly not that they're making public. this is what the white house's offer looks like as it stands. a $1.4 trillion request for new tax revenue. that is down from the last offer which was a request for $1.6 trillion in revenues. still too high, though. it also includes some new stimulus spending, an increase in u.s.'s borrowing limit and a plan to overhaul the corporate tax code. here's what speaker boehner said last hour. >> his promise to bring a balanced approach to solving this problem is mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets these standards, it cuts spending and paves the way of real j
the fiscal cliff, we need a bigger plan because it does not even balance the budget. i don't think we really have a supply-side problem. they talk about cutting taxes on the right and i think there are so many people out of work and i think you need to get these people to work. i just think we have a demand issue, not a supply issue. if you're out of work, you cannot pay taxes. guest: he is exactly right -- no one is talking about a fiscal cliff that will solve the problem. there is no grand bargain being discussed except in the most general outline terms. there is enough to be -- nothing close to being politically acceptable. we're only talking of something of that will allow people to get through this. in the short term, we need to have fiscal policy that may get the deficit higher than what it would be. ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right ti
, here we go. it's been a busy week. fiscal cliff week for the most part, a lot of other -- that and a lot of other news to talk about today. we have the big job numbers coming up today as well for the month of november. it won't be quiet as critical as the job numbers were. remember that? that was right before the election. but still, it's very important. we'll be on top of that and all of the other issues for you and with you and hearing from you at 866-55-press. >> that's our toll-free number 866-557-7377. follow us on twitter. join us on twitter. more and more people do. at the whitehouse, so many of the reporters were saying how much they love following us on twitter. you should, too, at bp show @bp show @bpshow and facebook/billpressshow. team press here for the fifth day in a row all together. this is a new record action i think. here we are five days. nobody took a day off. peter ogburn and dan henning. >> happy friday. >> and cyprian bowlding wearing god knows what hat this morning. our videographer in chief. >> the washington fue
talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by phone about the fiscal cliff. they provided no details about the negotiation, you know why, jim? because boner got too drunk and passed out. >> more bar snacks! >> stephanie: senator tom coalburn became the latest to break ranks. eric cantor said republicans want to sit down with the president. we want to talk specifics. but the fact that we can't include any in our plan -- >> we're saving them up. >> stephanie: right. aids are speculating that obama is willing to let america go over the cliff -- >> by the they are not a tax increase, they are cuts that were supposed to expire years ago. >> stephanie: thank you. the size of the problem cannot be solved without taxes going up. >> we can probably solve this in about a week. it's not that tough. but we need the conceptual break through that says we need to do an balanced
the holidays if necessary to avoid the impending fiscal cliff. the democrats continue to portray the g.o.p. as the grinch. who wants to steal not christmas but a middle class tax cut. tonight, charges and countercharges from chief white house correspondent ed henry. >> officials now say speaker john boehner's phone call to president obama was tense, hopes of a possible deal seem to be fading fast. >> i remain the most optimistic person in this town, but we've got some serious differences. >> the biggest difference is over taxes. republicans complain in an interview with abc news the president made it harder for boehner to sell compromise to republicans by saying the only way to go forward is for the speaker to cave. >> i'm confident republicans would not hold middle class taxes hostage to try to protect the tax cuts for high-income individuals. >> white house officials today incested the president was merely reiterating a long-held position and said the hold up is the republicans failing to get specific about taxes. >> closing loopholeles they will not name, capping deductions that the
the fiscal cliff. they can't agree on which path to take to get there. >>> i don't think republicans or americans want to raise any taxes just to continue this spending in washington. they want a more efficient and more accountable. what we are saying is we need to do what ronald reagan did with tip o'neill, show the leadership to get in the room. same as bill clinton did with newt gingrich. get in the room and make the changes that are needed. >> the president wants to solve the problem. it's what he said in the campaign. it's what he's saying now. we cannot lurch from one crisis to the other. think of all the times tea party republicans and speaker boehner threatened to shut down the government over the debt ceiling. listen, if we are going to have this certainty for businesses to invest and know new jobs are being created we have to get this behind us. >> joining me now, dana millbank and kristina. it's great to have you both here. bob corker said the idea of raising taxes on the top 2% has merit. the question is how much merit it has with speaker boehner and the republican party.
talking to her about the fiscal cliff, she gets an e-mail. >> yeah! my interview. great. okay. that's good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> oh my god. i can't believe how excited i am right now. >> more than 500 years but the lady behind da vinci's smile is behind speculation. italian archaeologists might have found the missing link to the mystery of mona lisa. they've excavated remains which they think belong to the woman who modeled for the famous painting. ben wedeman reports from the excavation site. >> reporter: the smile has per perplexed for centuries. the mona lisa. in the frigid bowels of what was once a convent in florence, the television producer turned art researcher is leading a project to find and identify remains of the woman who posed for da vin economy more than 500 years ago. historical documents indicate this is the place where he's 15 de gherardini was buried. remains of five females were found here. the skull may be that of the second wife of a wealthy florence silk mer
in sight for the fiscal cliff hanger. >> when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another wee>> why speaker says the president's my way or the highway approach is getting us nowhere. >> the feds are borrowing nearly a billion dollars a day. so why is the white house saying reducing our debt not really the goal? >> thank you, eric, it's the most watched video on the internet of all time. he is set to perform for the president. gangnam style said about our soldiers a few years ago. that controversy kicking up this morning. "fox & friends" hour one begins right now. >> get out the coffee. wake up, everyone, thank you so much for waking up with tus, it is "fox & friends" on this saturday morning. dave bowling in for dave briggs. >> come in and do the show with us today. more filling in today than the regulars. we are glad to be on with you clayton. >> you are on an interesting morning because congress now just 23 days left, 23 days until we head off that flif. fiscal cliff. if you listened to speaker boehner yesterday he is reading reports th
taxes for the fiscal cliff or for debt ceiling, do you believe the will also raise taxes on middle class. 60% percent of americans understand that ce t politicians get the bloodlust out there, once they smell the bld in the water, oncehe raise taxes on the few, they go after the many. melissa: oh, i absolutely believe that's right but i think that theoint is the republicans are losing momentum on the side of not raising tas. that it is starting tofeel re and more like there must be some concession, there must be some caving to get through the fiscal cliff. when you look at senators who have said theye going back on the pledge, lindsey graham, bob corker, tom coburn, lamar alexander, eric cantor, what do you do at this point to keep the fight going? or do you thinkthat it is necessary to concede a little bit of ground? >> well, two things. the senators, e republican don't matter because thetent democratic senate can pass a tax increase if they want the senaaors you mentioned would only vote for a x increase if they g massive permant entitlement reforms of the kind that rry reid and the pr
. >> nothing going on in your world. now that we have brought you from the edge of the fiscal cliff, let's talk about these for a moment. you have seen the headlines that say, saudi america. we have this new found richness, new technologies to find energy. i have seen some estimates up to 3 million new jobs directly related to the energy boom. is it real? how unfortunate of a driver will that be for the economy? when you're sitting down trying to figure out what growth will look like in this country, how does a factor in? >> in a few ways. number one, if there's one thing i feel more optimistic than i did one decade ago, i had a book out around 2006 and i felt like, when you are out making the case for why there should be more location as opposed to china and india, you felt like you how the wind in your face. you have great meetings but then they pull your side and say, that's a powerful argument, but we're moving this to bangalor next week. there is much more of an economic case for people to be relocating and bring jobs back. some of that is about the way it is structured between us and chin
.m. eastern. >> the white house national economic council director discusses the fiscal cliff on monday and emphasizes the administration's position on higher taxes for the wealthy. he spoke at a center for american progress forum titled investing in the future, higher education, innovation and american competitiveness. this is 40 minutes. >> it is my great privilege to introduce gene sperling, director of the white house national economic council and assistant the president for economic policy. gene sperling also is a former senior fellow at the center for american progress, pro-growth progressive. and the connection between innovation, education, ensuring we have an economy that works for everyone. i want to say having served in the administration, there is no one in the administration who is more focused on america's long-term competitiveness, short term competitiveness, midterm competitiveness, when the president is talking about issues which are critical to him, america maintains its edges in the global economy, and all of its citizens to students to people dreaming about being the
♪] >> stephanie: nancy pelosi is going to brief us on the fiscal cliff talk at 12:00 eastern. >> it's joke! >> you can't take anything boehner says seriously at all. it's so win-win for the democrats on this. and i would like to see the president go off the cliff and let the republicans try to vote it down. >> stephanie: we posted a great article -- it was the best thing i have read about the l.a. times, where he said let's hold hands and walk down together. it's not that bad. all of the nobel prize winning economists asking george bush not to enact these policies in the first place. >> exactly right. this was used because bill clinton has a surplus. bush said let's give it away to rich people. where is the money? it's gone. we can't have these cuts anymore. >> stephanie: yeah. mitch mcconnell is up for reelection in 2014 rand pall not until 2016. >> yeah because mitch mcconnell would love to see rand paul gone. and they have already said they are going to open up their box of tricks against her. >> stephanie: rand paul is one of those tea party jerks that i can't wait
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